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The online listing refers to the snack as a 'coveted collector's item', also billing it as 'very rare'.
The item description reads: "Flaming hot Limón Cheetos! One of a kind! Arnold Schwarzenegger Mr. Olympia pose!
"Single Cheeto bag not included. Not to be eaten... stored as collectible item."
The buy-it-now price is $10,000, although the seller has added an option for you to make an offer with your best price.
The item location is Las Vegas, Nevada, so if you're an international buyer you may be wise to get in touch with the seller to see if the Cheeto can be shipped abroad before forking out thousands of dollars.
It currently has seven users watching the auction, so it looks like people are either interested in buying a novelty Cheeto or are just keen to follow what happens with the sale.
Personally, I feel like paying $10,000 for a crisp you can't even eat sounds pretty heartbreaking, but each to their own and all that.
The auction represents a bizarre trend sweeping the online world, where people have started selling unusually-shaped Cheetos resembling everything from celebrities and animals to Greek statues and even male genitalia.
Prices range from a few hundred dollars to almost $150,000 (£100,000).
The most expensive example on eBay looks a bit like a baby seal - yours for the breezy buy-it-now price of just $149,999.
Also on offer are Cheetos shaped like the Statue of Liberty, the Venus de Milo, a giraffe and even skateboarder Tony Hawk's 360 loop.
And then there's one that looks like a penis and a pair of testicles, which is being sold by a seller in Memphis, Tennessee, for $500 (£362).
While there are various listings for oddly-shaped Cheetos, it's hard to tell whether there's actually much of a demand for the unique munchies.
And it's not just misshapen Cheetos that are on offer; earlier this month a man in New York City managed to flog a digital recording of his own fart for $85 (£61) - proving our lockdown purchases are getting weirder by the day.
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